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Planet Fitness at the 2024 Halfway Point
Gym visits flourished at the start of 2024, as consumers made their yearly New Year's resolutions and flocked to fitness clubs nationwide. But how did category leaders fare in Q2 2024? We dove into the data to find out, zooming in on Planet Fitness, a major player in the fitness space.
Ezra Carmel & Noam Maman
Jul 29, 2024
3 minutes

Gym visits flourished at the start of 2024, as consumers made their yearly New Years resolutions and flocked to fitness clubs nationwide. But how did category leaders fare in Q2 2024? We dove into the data to find out – zooming in on Planet Fitness, a major player in the fitness space.

Planet Fitness Sees YoY Visits Rise in H1 2024

Throughout H1 2024, Planet Fitness experienced consistent YoY visit growth, finishing out Q2 2024 with a quarterly increase of 6.3% compared to the equivalent period of 2023. And though some of this visit growth is due to Planet Fitness’ ongoing expansion, the average number of visits to each of the chain’s gyms also increased YoY during most of the analyzed period.

Starting the Week on a Roll

Indeed, only in March and May 2024 did the average number of visits to each Planet Fitness location decline YoY. And a look at the weekly breakdown of visits to Planet Fitness shows that these declines may be due, in part, to calendar shifts. 

Location analytics reveal that though some people like to hit the gym on weekends, many customers prefer to get their exercise in on regular work days, especially at the start of the week: Throughout H1 2024, Planet Fitness drew the most visits on Mondays (17.4% of weekly visits), Tuesdays (17.7%), and Wednesdays (17.2%), with attendance dropping steadily as the week wore on. And both March and May 2024 – the two months that saw visits per location decline YoY – contained fewer non-holiday Mondays, Tuesdays, or Wednesdays than the equivalent periods of 2023.

An Increasingly Loyal Visitor Base 

Planet Fitness’ continued visit success appears to be driven, in part, by its growing share of frequent visitors. Gym visitation is highly seasonal – with visits slumping during the holidays and then spiking in January, as people vow to double down on exercise routines. 

A look at changes in the share of Planet Fitness visitors hitting the gym at least four times per month (roughly, once a week) reveals a similar pattern. The share of frequent visitors is at its highest in January, remains elevated through April or May, and declines as the year draws to a close. (January 2022 deviated from this pattern, likely due to the Omicron resurgence.)

Despite these seasonal fluctuations, the share of visitors making weekly stops at Planet Fitness has been on an overall upward trajectory – going higher each year between 2021 and 2023. And though this rise leveled off in 2024 amidst a stabilizing fitness market, frequent visitor rates remained high in 2024, with some months seeing continued YoY increases. This elevated loyalty is good news for Planet Fitness – since more engaged customers are more likely to renew or even upgrade their memberships. 

Looking Ahead

With value still top of mind for many consumers, Planet Fitness’ famously low prices have positioned the chain for success. Will this positive momentum continue as consumers adjust to the chain’s first basic membership price increase in 26 years? 

Follow Placer.ai’s data-driven analyses to find out.

*This report excludes locations within Washington state due to local legislation.

Article
What First Half 2024 Visit Trends Tell Us About What to Expect in the Second Half
R.J. Hottovy
Jul 26, 2024

Now that we’ve cleared the halfway point for 2024 with retailers preparing for back-to-school shopping (and Q2 2024 reporting season), we thought we’d take stock of where we stand from a retail category perspective. Last year, we looked at visit per location data by retail category at the halfway point for the year, which proved to be a useful indicator for what to expect for the rest of the year. We thought we’d revisit the analysis to give some perspective of what to expect in the months to come.

Needless to say, it’s been another volatile year for most retailers, with a tepid start to the year due to weather, followed by solid event/holiday spending in February/March, and a lackluster April (though partly the result of the Easter holiday calendar shift). May, June, and July visitation data offered some encouraging signs, with year-over-year visits increasing to a mid-single-digit level (according to Placer's Industry Trends report). Importantly, increased visits won’t necessarily translate into the same level of sales increases, as visits are continuously being driven by deals/lower price points for many categories.

Based on the positive trendline for retail in general, it shouldn’t be a surprise that the majority of the 25 retail categories we’ve presented show positive growth from a visit per location year-over-year perspective (below).

A few notable takeaways from the visit per location analysis:

  • Value grocery chains saw the largest increase in visit per location during the first half of the year, up 11% year-over-year. We’ve spoken at length about consumers’ focus on value this year–even as food-at-home prices have moderated–so it should not be a surprise to see this category seeing the most visits per location. Both Aldi and Trader Joe’s have been key contributors to the increase in visits per location.
  • Auto parts retail was one of the leading categories with respect to visits per location during the first half of 2024, but these trends may be moderating as we discuss below.
  • Like many of the categories seeing visit per location growth, consumers continue to seek out warehouse clubs for value. We also believe that visits from younger trade areas have contributed to the increase in warehouse club visits per location, which we recently analyzed.
  • Fitness was the top category for visit per location when we looked at pre- versus post-pandemic visit per location trend last year, but trends have moderated as consumers have pulled back on discretionary spending.
  • There were mixed results across the restaurant category, with fast casual and QSR seeing year-over-year gains in visits per location, casual dining running about even to a year ago, and specialty coffee and fine dining seeing year-over-year declines. The QSR and fast casual gains largely reflect consumer’s focus on value, although the visit per location gains started to slow from March-May amid more competitive pricing from grocery stores, c-stores, and casual dining. However, with the rise of $5 bundled meals across the QSR category, we’ve seen visit per location trends rebound a bit in June (and into July). Specialty coffee is down year-over-year but is largely the result of fewer visits from “occasional” Starbucks visitors (which have overshadowed the nice gains we’ve seen from many drive-thru coffee chains this year). Fine dining is down year-over-year, but we continue to see visit per location gains for major holidays and events.
  • The decline in movie theaters is not surprising given the lack of tentpole releases this year. However, these trends should improve amid a stronger release schedule.

Last year, our midpoint visit per location trends gave us some ideas as to how the second half of the year might shake out. Based on our first half 2024 visitation data, we expect (1) consumers to continue prioritize value in the second half of the year, especially those chains that have been able to create excitement/newness for their value assortment; (2) consumers will continue to prioritize holidays/events, which bodes well for back-to-school, Halloween, Thanksgiving, and Christmas; (3) we will continue to see better balance between experiences and goods this year (as we've discussed in the past).

Article
Target: Circle Week Shows Signs of Success
Elizabeth Lafontaine
Jul 26, 2024

Retailer summer deals are in full swing, with promotional events like Amazon Prime Day and Nordstrom Anniversary Sale, Target Circle Week, and Macy’s All Star Week taking place over the past two weeks. The summer has come to signify the first large scale, cross-industry retailer push to engage with consumers and also test new promotional strategies with shoppers.

Target’s reinvigoration of its loyalty program, Target Circle, launched in April as a streamlined program with more perceived value for members and created a new paid tier called Target Circle 360. Target Circle Week, which took place between July 7-13, focused more on loyalty program members than previous iterations of the event to drive visits by loyal shoppers. The retailer promoted items across discretionary and essential categories, an effort meant to offset the challenges in the discretionary side of the business this year. Mass merchants have been especially challenged compared to warehouse clubs in the superstore category, and Circle Week, especially as the first event of the retailer's summer deals, is a barometer of what’s to come.

According to our foot traffic measurements, Target Circle Week was successful in driving incremental traffic growth, resulting in the highest percentage of growth in visits so far in 2024 on a year-over-five-year basis.

Circle Week also saw a slightly higher dwell time, with visitors spending an average of 29 minutes in store, about a minute higher than 2024 year to date. The week performed well in visits exceeding 45 minutes compared to the year-to-date percentage of visits, which could signal that shoppers coming in for deals spend longer browsing and purchasing. There was also a higher percentage of weekday visits during Circle Week compared to 2024 overall, a promising sign for the week-long event.

Looking specifically at individual store locations that over performed during Circle Week, one that stood out is Target’s original large format store location in Katy, TX. This location opened in fall 2022 to much fanfare; it features a larger curbside pick-up area, multiple shop-in-shop concepts, and a larger grocery footprint. Traffic to the Katy location also increased the most in the week of July 8-14, but it far exceeded the total traffic growth to Target, with visits up almost 55% compared to the same week in 2023, when Target’s event ran last year. Circle Week also kept visitors in store longer at the Katy location, with dwell times increasing by 2 minutes on average compared to 2024 year-to-date.

With the success of this event in bringing in visitors, it will be interesting to see how Target tries to maintain the momentum through the back half of the year. With the announcement of price cuts and a renewed focus on providing as much value as possible to consumers, the enhanced Target Circle program appears to be bolstering those initiatives. As we get further away from the other retailer deal day events as well, we will be able to fully examine the effectiveness of this year’s summer promotional period and also provide more observations as we approach the holiday season.

Article
Return to Office Insights: Miami and New York in the Lead
Caroline Wu
Jul 26, 2024

Using Placer's Return to Office report, we see that Miami continues to be the champion when it comes to returning to office.  With a whopping 88% recovery rate, it is heads above the other cities, with NYC coming in at 73% for the month of June. Rounding out the top 5 recoveries are Southern cities like Atlanta (66%), Charlotte (64%), and Forth Worth (64%). These cities are all above the nationwide average for return-to-office, which is 63%.

By contrast, two of the major West Coast cities--San Francisco and Los Angeles lag below the nationwide return rate at 45% and 55%, respectively.

Other major cities in the Midwest, like Chicago and Detroit, are seeing similar rates of lagging return-to-office. In Chicago, 55% have returned compared to Jan 2020 and in Detroit, only 42%.

Moving over to the East Coast, Philadelphia and Washington DC--both at 57% RTO--are also below the nationwide average.

The good news for offices is that taken as a whole, we are seeing upward trends in employees returning to office, albeit perhaps slower than those in commercial real estate or the C-suite would like.

Article
Bass Pro Shops: What's Driving Recent Visit Gains?
Caroline Wu
Jul 26, 2024

It’s often a good sign when Placer data reflects positive year-over-year growth and in the case of Bass Pro Shops, that’s exactly what we’re seeing for the months of June 2023-June 2024 (note April is down, but that is partially due to last year’s April having five weekends instead of four).

Bass Pro Shops skipped a slight beat immediately after COVID in spring 2020, but by early summer had already regained its store traffic as everyone took to the great outdoors in their quest for social distancing. Ever since, it’s been business as usual with similar peaks around Black Friday weekend and the week before Christmas.

Bass Pro Shop’s footprint is particularly strong in the eastern half of the US.  They acquired Cabela’s a few years back and maintained the separate brands.  This acquisition gave them an additional presence in the Pacific Northwest and Mountain states.

Both brands over index for the segments Blue Collar Suburbs, Upper Suburban Diverse Families, Suburban Boomers, and Wealthy Suburban Families per Spatial.ai’s PersonaLive. Small Town and Rural High Income also over index at Cabela’s.

Article
Serving Summer 2024: RBI and Yum! Brands Q2 Foot Traffic
How are RBI and Yum! Brands leading chains faring at the year’s midway point? We dove into the data to find out.
Ezra Carmel & Addison Southerland
Jul 25, 2024
3 minutes

RBI and Yum! Brands hold some of America’s favorite restaurants in their portfolios. How are these parent companies and their leading chains faring at the year’s midway point? We dove into the data to find out.

Key Takeaways

  • In Q2 2024, ongoing expansion helped to drive RBI’s 1.7% year-over-year (YoY) visit increase and a 2.2% YoY rise in visits per location.
  • RBI’s visit leader – Burger King – experienced 4.3% visit-per-location growth in Q2 2024, highlighting the success of the restaurant’s rightsizing strategy. 
  • Visits to Taco Bell – which accounted for 70.5% of visits to Yum! Brands in Q2 2024 – increased 5.0% YoY during the quarter. 
  • Taco Bell’s recent “Taco Tuesday” promotions gave significant foot traffic boosts to the chain, positively affecting Tuesday visitation even after the promotions ended.

RBI’s Expansions Fuel a Strong Q2

RBI shined in Q2 2024 – seeing a 1.7% increase in visits and a 2.2% increase in visits per location, YoY – due partly to expanding footprints across several of its brands. 

Firehouse, Popeyes, and Tim Hortons’ growth likely played a part in overall visit gains to each chain during the quarter. And though Popeyes and Tim Hortons saw minor visit-per-location gaps emerge as the chains added new locations, the fact that this metric remained nearly on par with last year’s levels shows that the chains’ expansions are not diluting existing demand. Both Popeyes and Tim Hortons are likely to see YoY visits per location pick up as each of their new restaurants gains momentum. 

Burger King Sees Rightsizing Efforts Pay Off

Accounting for 69.3% of visits to RBI in Q2 2024, Burger King’s positive foot traffic during the period had a significant impact on its parent company’s success.

RBI management cited equipment upgrades, remodels and advertising as recent drivers of visit growth for Burger King – which despite the shuttering of dozens of underperforming restaurants over the past year, saw a 1.5% chain-wide YoY visit increase in Q2 2024.  

And analyzing visit-per-location trends at Burger King shows that the chain’s rightsizing strategy is paying dividends: Since Q2 2023, YoY visits per location have been on a steady incline, closing out Q2 2024 with a 4.3% increase. This indicates that as individual Burger King locations have shut their doors, the remaining restaurants have gotten even busier.  

Yum! Growth: Follow the Taco

Taco Bell, which accounted for 70.5% of visits to Yum! Brands' restaurants in Q2 2024, drove visits to Yum! in much the same way that Burger King gave a boost to RBI. During the quarter, visits to Taco Bell increased 5.0% YoY while visits per location rose 3.5%. And the taco chain propelled foot traffic growth for Yum! Brands as a whole – with YoY visits and visits per location up a respective 3.1% and 3.5% in Q2 2024. 

Taco Bell Innovation and Promotions Helping to Provide a Boost

Taco Bell is the leader in Yum! Brands’ portfolio for good reason. The chain is well-known as one of the world’s most innovative companies. And the taco leader appears to have done it again with “Taco Tuesday” specials. On the Tuesdays of March 26th, April 9th, and April 16th, 2024 the chain offered select menu-favorites for $1 for one hour. This promotion led into a separate $5 Dollar Taco Discovery Box deal, which was available on “Taco Tuesdays” between April 23rd and June 4th, 2024. 

The data suggests that both of these promotions drove substantial foot traffic. Beginning on March 26th, Tuesday visits to Taco Bell rose significantly compared to the H1 2024 Tuesday average. And even after the promotions ended, “Taco Tuesdays” retained their draw –  perhaps aided by the subsequent launch of a summer menu and the company’s formal entrance into the value meal wars with its much-vaunted Luxe Craving’s Box.

RBI and Yum! On a Run

Led by their flagship restaurants, RBI and Yum! Brands appear to be on the right track. The strategic expansion of certain chains and the rightsizing of others has paid off in visit growth for RBI, while Yum! continues to strike it big with Taco Bell’s winning promotions. 

For more dining updates, visit Placer.ai

Reports
INSIDER
Report
3 Consumer Trends to Watch in 2025
Dive into the data to explore key trends shaping consumer behavior in 2025 and discover strategies helping top brands drive foot traffic to brick-and-mortar stores.
March 27, 2025
6 minutes

In today’s retail landscape, consumer behavior is influenced by a multitude of factors, directly impacting the success of products and brands. This report explores the latest trends in value perception, shopping behavior, and media consumption that impact which brands consumers are most likely to engage with – and how. 

Demand for Value and the Perfect Piece

In the apparel space, consumers continue to prioritize value and unique merchandise. 

Thrift and Off-Price Shopping Appeals to Diverse Audience Segments

Analysis of visits to various apparel categories reveals a steady increase in the share of visits going to off-price retailers and thrift stores at the expense of traditional apparel chains. 

And the popularity of off-price chains and thrift stores appears to be widespread across multiple audience segments. Analyzing trade area data with the Experian: Mosaic psychographic dataset reveals a clear preference for second-hand retailers among both younger (ages 25-30) and older (51+) consumer segments. Meanwhile, middle-class parents aged 36-45 with teenagers – the “Family Union” segment – are significantly more likely to shop at off-price apparel stores, highlighting their emphasis on buying new, while saving both time and money.

This suggests that the powerful blend of treasure-hunting and deep value, central to both the off-price and thrift experiences, is driving traffic from a variety of audiences, and that other industries could benefit from combining affordability with the allure of unique products.

Consumers Shop a Mix of High-End and Budget Retailers, Balancing Cost and Quality

Diving deeper into the location intelligence for the apparel space further highlights thrift and off-price’s broad appeal – and that a combination of quality and price motivates consumers to visit different retailers. 

Between 2019 and 2024, the share of Bloomingdale’s, Saks Fifth Avenue, Neiman Marcus, and Nordstrom visitors that also visited a Goodwill or Ross Dress for Less increased significantly. 

And while this could mean that the current economic climate is causing some higher-income consumers to trade down to lower-priced retailers, it could also be that consumers are prioritizing sustainability and seeking value in terms of  “bang for their buck” – shopping a combination of retailers depending on the cost versus quality considerations for each purchase.

Flexible Consumerism on the Rise

Consumers increasingly expect to shop on their own terms, opting for a more flexible shopping experience that blurs the lines between traditional retail channels and categories. 

Superstores as Quick-Visit Destinations

Superstores and warehouse stores, for example, often evoke the image of navigating aisle after aisle of nearly every product imaginable – a time-consuming endeavor given the sheer size of their stores. But the latest location intelligence shows that more consumers are turning to these retailers for super-quick shopping trips. 

Between 2019 and 2024, the share of visits lasting less than ten minutes at Target, Walmart, BJ’s Wholesale Club, Sam’s Club, and to a lesser extent Costco, rose steadily – perhaps due to increased use of flexible BOPIS (buy online, pick-up in-store) and curbside pick-up options. These stores may also be seeing a rise in consumers popping in to grab just a few items as-needed or to cherry-pick particular deals to complement their larger online shopping orders.

This trend highlights the demand for frictionless store experiences that allow visitors to conveniently shop or pick up orders even at large physical retailers. 

Finding Quick Eats Outside of the Quick-Service Category

And the breaking down of traditional retail silos isn’t limited to big-box chains. Diving into the data for quick service restaurants (QSR), fast casual chains, and grocery stores indicates that more consumers are also looking for new ways to grab a convenient bite. 

Since 2019, grocery stores have been claiming an increasingly large share of the midday short visit pie –  i.e. visits between 11:00 AM 3:00 PM lasting less than ten minutes – at the expense of QSR chains. This suggests that consumers seeking quick and affordable lunches are increasingly turning to grocery stores to pick up a few items or take advantage of self-service food bars. Notably, the rise in supermarket lunching hasn’t come at the expense of fast-casual restaurants, which have also upped their quick-service games – and have seen a small increase in their share of the quick lunchtime crowd over the past five years. 

While some of QSR’s relative decline in short lunchtime visits could be due to discontent with rising fast-food prices, it’s clear that an increasing share of consumers see grocery and fast-casual chains as viable options during the lunch rush.

Tapping into Trends Amplifies Brand Success

In 2025, tapping into hot trends and creating viral moments are among the most powerful tools for amplifying promotions and driving foot traffic to physical stores.  

Pop Culture Collabs Drive Customer Engagement

Retailers across categories have successfully harnessed the power of pop culture collaborations to generate excitement – and visits – by leaning into trending themes. On October 8th, 2024, for example, Wendy’s launched its epic Krabby Patty Collab, inspired by the beloved SpongeBob franchise. And during the week of the offering, the chain experienced a remarkable 21.5% increase in foot traffic compared to an average week that year. 

Similarly, Crumbl – adept at creating buzz through manufactured scarcity – sparked a frenzy with the debut of its exclusive Olivia Rodrigo GUTS cookie. Initially available only at select locations near the artist’s concert venues, the cookie was launched nationwide for a limited time from August 19th to 24th, 2024. This buzz-driven release resulted in a 27.7% traffic surge during the week of the launch, as fans rushed to get a taste of the star-studded treat. 

And it’s not just dining chains benefiting from these pop-culture moments. On February 16th, 2025, Bath & Body Works launched a Disney Princess-inspired fragrance line, perfect for fans of Cinderella, Ariel, Belle, Jasmine, Moana, and Tiana. The collaboration resonated, fueling a 23.2% visit spike for the chain. 

Trend-Setting Promotion Drives Visits to Cinemark

While tapping into existing pop-culture trends has the ability to drive traffic, so does creating a new one. Analysis of movie theater visits on National Popcorn Day (Sunday, January 19th, 2025) shows how initiating a trend can spur social media engagement and impact in-person traffic to physical retail spaces.

National Popcorn Day was a successful promotional holiday across the movie theater industry in 2025. Both Regal Cinemas and AMC Theatres offered popcorn-based promotions on the day, but Cinemark’s “Bring Your Own Bucket” campaign, in particular, appears to have spurred a significant foot traffic boost during the event. 

Visits to Cinemark on National Popcorn Day in 2025 increased 57.5% relative to the Sunday visit average for January and February 2025, as movie-goers showed off their out-of-the-bucket popcorn receptacles on social media. Clearly, by starting a trend that invited creativity and expression, Cinemark was able to amplify the impact of its National Popcorn Day promotion. 

The 2025 Consumer

Location intelligence illuminates some of the key trends shaping consumer behavior in 2025. The data reveals that value-driven shopping, demand for flexibility across touchpoints, and the power of unique retail moments have the power to drive consumer engagement and the success of retail categories, brands, and products.

INSIDER
Report
Hotels in the Heart of the City
Dive into the data to examine hotel visit trends across four major downtown cores: Miami, Chicago, New York, and Los Angeles.
March 10, 2025
6 minutes

Placer.ai observes a panel of mobile devices in order to extrapolate and generate visitation insights for a variety of locations across the U.S. This panel covers only visitors from within the United States and does not represent or take into account international visitors.

Downtown Occupancy On The Rise

Downtown districts in the nation’s major cities attract domestic travelers all year long with their iconic sights, lively entertainment, and diverse dining offerings. But each hub follows its own rhythm, shaped by distinct seasonal peaks and dips in visitor flow. 

This white paper examines downtown hotel visitation patterns in four of the nation’s most popular destinations for domestic tourists: Miami, Chicago, New York, and Los Angeles. Focusing on 20 downtown hotels in each city, the analysis explores seasonal variations in domestic travel, city-specific dynamics, and differentiating factors.

Miami and Chicago Take the Visit Growth Lead

Domestic tourism has rebounded strongly in recent years, and hotels in Miami and Chicago have been the biggest beneficiaries. In 2024, visits to analyzed hotels in each of these cities’ downtown areas grew by 8.9% and 7.4%, respectively, compared to 2023.  Meanwhile, hotels in downtown and midtown Manhattan saw a more modest 2.0% increase, while Los Angeles experienced a slight year-over-year (YoY) decline in downtown hotel visits. 

One factor that may be driving Miami and Chicago’s stronger performance is their higher proportion of long-distance visitors, defined as those visiting from over 250 miles away. Miami remains a top destination for snowbirds and spring breakers, while Chicago serves as a cultural and entertainment hub for the sprawling Midwest. These long-distance leisure travelers may be more likely to splurge on downtown hotel stays during their trips, helping drive hotel visit growth in the two cities. 

By contrast, hotels in the Los Angeles and Manhattan city centers drew lower shares of domestic travelers coming from less than 250 miles away. These shorter-haul domestic tourists may be less likely to splurge on downtown hotels than those taking longer vacations. Both cities are also surrounded by numerous regional getaway options that can draw long-haul leisure travelers away from their downtown cores.

Visits Peak At Different Points

Each of the four analyzed cities has its own unique ebbs and flows – and city center hotel visits reflect these patterns. Miami, with its warm, sunny climate, experiences influxes of tourists during the winter and spring, with March seeing the biggest jump in downtown hotel visits last year (13.0% above the monthly visit average). Chicago, which thrives in the summer with its many festivals and events, saw its biggest downtown hotel visit bump in August. Meanwhile, Manhattan experienced a major uptick in December, likely fueled by holiday tourism and New Year celebrations, and Los Angeles visits were highest in the summertime.

Feeling The Miami Heat

What drives these seasonal visit peaks? Miami has long been a top tourism destination, especially in early spring, when snowbirds and spring breakers flock to the city for sun and relaxation. In recent years, the city has seen a rise in short-term domestic tourism, suggesting that the city is becoming increasingly popular for weekend getaways. According to the Placer.ai Tourism Dashboard, the share of domestic tourists staying just one or two nights grew from 71.7% in March 2022 to 78.3% in March 2024.

This shift aligns with an impressive increase in the magnitude of downtown Miami’s springtime hotel visit peak: In March 2022, visits to downtown hotels were 5.0% above the monthly average for the year, a share that more than doubled by 2024 to 12.9%. 

These numbers may mean that more people are choosing to head to Miami for a quick break from the cold – and staying in downtown hotels to make the most of their short getaway.

A Taste of Chicago in the Summer

Chicago’s major August visit spike was likely driven by the Windy City’s impressive lineup of major summer festivals, from Lollapalooza to the Chicago Air and Water Show, which draw thousands of attendees from across the country. 

Lollapalooza fueled the largest visit spike to the city – between Thursday, August 1st and Sunday, August 4th, visits to downtown Chicago hotels surged between 51.1% and 63.8% above 2024 daily averages for those days of the week. The Air and Water Show and the Chicago Jazz Festival also generated significant hotel visit increases – highlighting the boost these events bring to the city’s tourism and hospitality sector.

Staying in The City That Never Sleeps

The Big Apple draws a diverse mix of visitors throughout the year. But in December – the city’s peak tourist season – visitors pour in from all over the country to skate in Rockefeller Center, browse Fifth Avenue’s festive window displays and experience the city’s unique holiday magic. 

And analyzing data from hotels in midtown and downtown Manhattan reveals a striking shift in the types of visitors who stay in the heart of NYC during the holiday season. While visitors from other urban centers dominated downtown hotel stays throughout most of the year – accounting for 47.9% of visits from January to November 2024 – their share dropped to 42.0% in December 2024. Meanwhile, the share of guests from suburban areas and small towns rose from 37.3% to 41.0%, and the share of guests from rural and semi-rural areas nearly doubled, from 3.5% to 6.1%. 

These patterns suggest that, though Manhattan typically attracts a wide range of visitors, the holiday season is uniquely appealing to tourists from smaller towns and suburban areas. Understanding these trends can provide crucial context for hotels and civic stakeholders alike as they work to maximize the opportunities presented by the city’s December visit surge. 

Tinseltown Tourism

Los Angeles hotels also experience significant demographic shifts during peak season. In July, visits to downtown LA hotels surged by 15.3% relative to the 2024 monthly visit average. And a closer look at audience segmentation data suggests a corresponding surge in the share of "Flourishing Families" – an Experian: Mosaic segment consisting of affluent, middle-aged households with children. Throughout the year, "Flourishing Families" comprised between 7.7% and 8.7% of the census block groups (CBGs) driving visits to downtown LA hotels. But in July, this share jumped to 9.9%.

These families may be taking advantage of summer vacations to enjoy Los Angeles’ cultural attractions and entertainment. Hotels and city stakeholders who understand the appeal the city holds for this demographic can better cater to them through family-friendly promotions and strategic marketing efforts to target these households.

Downtown Cores Continue to Drive Visits

Downtowns are making a comeback – and hotels in the heart of the nation’s major tourist hubs are reaping the benefits. By understanding who frequents these downtown hotels and when, local businesses and civic leaders can optimize their resource management and strategic planning to make the most of these opportunities.

INSIDER
Report
Blueprint for Recovery: Lessons From New York’s Office Comeback
Dive into the data to see how New York office visitation patterns evolved in 2024 - and uncover trends shaping Big Apple work routines heading into 2025.
February 27, 2025

Wall Street Wakeup

The New York office scene is buzzing once again, as companies from JPMorgan to Meta double down on return-to-office (RTO) mandates. But just how did New York office foot traffic fare in 2024? How did Big Apple office foot traffic compare to that of other major business hubs nationwide? And how is New York’s office recovery impacting post-COVID trends like the TGIF work week? Are office visits still concentrated mid-week, or are people coming in more on Fridays and Mondays? And how has Manhattan’s RTO affected local commuting patterns? 

We dove into the data to find out. 

Nationwide Recovery Leader

In 2024, New York City cemented its position as the nationwide leader in office recovery. Thanks in part to remote work crackdowns by banking behemoths like Goldman Sachs, Morgan Stanley, and JPMorgan, visits to NYC office buildings in 2024 were just 13.1% below pre-pandemic (2019) levels.

For comparison, Miami’s office foot traffic remained 16.2% below pre-pandemic levels, while Atlanta, Washington D.C., and Boston saw significantly larger gaps at 28.6%, 37.8%, and 43.9%, respectively.

No Slowing in Sight

Perhaps unsurprisingly given the Big Apple’s robust year-over-five-year (Yo5Y) recovery, the pace of year-over-year (YoY) visit growth to NYC office buildings was somewhat slower in 2024 than in other major East Coast business centers. Still, New York’s YoY office recovery rate of 12.4% outpaced the nationwide baseline, and came in just slightly below Washington, D.C.’s 15.2% and Atlanta’s 14.6%. 

Fridays Fizzle, Mondays Rebound, Tuesdays Surge

Interestingly, New York’s return to office has not led to a significant retreat from the TGIF work week that emerged during COVID. In 2024, just 11.9% of weekday (Monday to Friday) visits to NYC offices took place on Fridays – only slightly more than the 11.5% recorded in 2023 and significantly below the pre-pandemic baseline of 17.2%.

Meanwhile, Monday has quietly regained its footing as the dreaded start of the New York work week. After dropping significantly in 2022 and 2023, the share of weekday office visits taking place on Mondays rebounded to 18.2% in 2024 – just slightly below 2019’s 19.5%. Still, Tuesday remained the Big Apple’s busiest in-office day of the week last year, accounting for nearly a quarter (24.6%) of weekday NYC office foot traffic.

Tuesday Recovery (Nearly) Complete

And diving into Yo5Y data for each day of the work week shows just how much New York’s overall recovery is driven by mid-week visits – and especially Tuesday ones. In 2024, Friday visits to NYC office buildings were down 40.2% compared to 2019. But on Tuesdays, visits were essentially on par with pre-pandemic levels (-0.3%), even as nationwide office visits remained 24.6% below 2019.

The Office Next Door

Another post-COVID trend that has shown staying power in New York is the growing share of office visits coming from employees who live nearby. As hybrid schedules become the norm, it seems that those commuting more frequently are often just a short subway ride -or even a stroll- away.

A Steadily Growing Share of Nearby Workers

The share of NYC office workers coming from less than five miles away, for example, has risen steadily since COVID, reaching 46.0% in 2024. Over the same period, the share of workers coming from 5-10 miles, 10-15 miles, or 25+ miles away has declined.

Outpacing Other Markets in Short Commutes

Looking at commuting trends across the East Coast helps put New York City’s shift into perspective. In 2019, NYC’s share of nearby commuters was on par with Washington, D.C. and slightly below Boston. But while both cities experienced moderate increases in local commuters between 2019 and 2024, New York pulled ahead, outpacing all other analyzed cities in its share of nearby office workers last year.

Miami and Atlanta – two other standout cities in office recovery – also saw significant growth in the percentage of short-distance commuters over the past five years. This trend underscores a broader shift: As hybrid work reshapes commuting habits, employees across multiple markets are more likely to go into the office if they live nearby, reducing reliance on long-haul commutes.

A Big Apple Bellweather

As the nation’s office recovery leader, New York offers a glimpse into what other cities can expect as office visitation rates continue to improve. Even at just 13.1% below pre-pandemic levels, NYC office visit levels continue to rise. And as recovery nears completion, trends that took hold during COVID remain firmly entrenched.

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